I just got sniped by 55 cents!!

marcalan84

On Ebay!! There was a super PQ looking 31-S Buffalo PCGS MS65. The high bid was $310 with 10 seconds to go. I put a bid in at $361....and lost it to someone 10 seconds later whose bid was $361.55. How can that be?? It could only have been worse if they had bid $361.01!!!! Dang......I didn't put any cents on the end of my bid...because I was $50 over the highest bid I could see.

stev32k

Poor baby - hope you get to feeling better soon.

etexmike

I have had a few of those.

It dosen't feel too good to let one get away like that.

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etexmike

marcalan84

Thanks for the Pep Talk. I guess I will have to go bid on another coin to improve my attitude.

meos1

Sorry, sounds like you need to bid 55 cents higher next time.

100proof1957

why do i always bid .09 or .99.

I have no idea !

LindeDad

.01 almost alway's at the end of my max.

K6AZ

GAT

Heck, I once lost a gold coin on eBay because I was a better snipper. Two of us bid exactly the same amount but the other guy bid first and won it. His bid came with 12 seconds left and mine with 5.

Conder101

Here's how you lost.

At 18:14:46 high bid was $310

18:14:47 mrrad bids $320 and you bid $361. Marcalan84 is out at $313.13, mrrad is out at $320 because your bid is higher. High bid is $320 +1 increment (I'm not sure what the increment is at this level, lt's say $5) so you have high bid at $325.

18:14:56 crowncty bids $361.55 Since his proxy bid was at least one increment over the current high bid it was accepted. Now you were out at $361 because his accepted proxy bid was higher than yours. The fact that the high bid is less than an increment above yours means that the $361.55 was his max bid as well.

Baley

any snipe at less than one bid increment is pretty good, of course the lower the better

Sometimes two or more bidders appraise the value about the same and it comes down to a few cents.